A series of issues that initially centered on the US Section 201 case, the US v China trade, China’s 531 New Deal and India’s trade tariffs, combined to slice around US$3 billion from the total global corporate funding into the solar sector in 2018, according to Mercom Capital Group.
Solar PV is “charging ahead” across the world as it outpaces other renewables, but far more significant action is required if a climate crisis is to be averted, the International Energy Agency (IEA) has warned.
Well over 1GW of Irish solar projects have been successfully moved into the ‘first batch’ of projects to be processed under a new connections procedure, brought in to tackle the surging levels of smaller projects aiming to connect.
Up to 500MW of solar is likely to be able to compete in Ireland’s first auction to bring forward new renewable electricity projects when it takes place in 2019, according to Solar Media market research analyst Lauren Cook.
Lightsource BP, one of Europe’s largest solar companies, has acquired Irish Internet of Things (IoT) specialist Ubiworx, in a bid strengthen its digital capabilities.
German energy giants E.On and RWE have reached an agreement on a major exchange of business activities, promising a significant shake-up of the duo’s energy interests.
BP has modelled for solar in the US to deploy at levelised costs of around US5¢/kWh by 2040, despite solar already hitting those prices in much of the country.
Two years ago the UK government’s new feed-in tariff regime came into force, starting an immensely difficult period for the solar industry. Deployment has fallen by nearly 80%, and thousands of jobs have been lost. This is the inside track of how it happened.
The CEO of Orsted, the world’s largest offshore wind developer, has said that his company is working to establish “a scalable commercial model” for solar PV and energy storage, viewing both as potential drivers of long-term growth.
